Factory-consumption condition restricts solar module parts exemption and excludes imported aluminium profiles fabricated outside the production factor...
Call-recording requirements for institutional-investor client communications become non-mandatory, while institutional-investor status adopts the exis...
The safe-harbour tolerance-band proviso to section 56(2)(x)(b) addresses unintended hardship where purchase consideration and stamp-duty value differ only marginally. Its remedial and clarificatory character supports application from the provision's original operation, including Assessment Year 2018-19, rather than only prospectively. As the proviso is pari materia with related stamp-duty valuation provisions, a variation within the statutory tolerance margin does not sustain a deeming addition. The marginal valuation difference therefore did not justify addition as deemed income.
The safe-harbour tolerance-band proviso to section 56(2)(x)(b) addresses unintended hardship where purchase consideration and stamp-duty value differ only marginally. Its remedial and clarificatory character supports application from the provision's original operation, including Assessment Year 2018-19, rather than only prospectively. As the proviso is pari materia with related stamp-duty valuation provisions, a variation within the statutory tolerance margin does not sustain a deeming addition. The marginal valuation difference therefore did not justify addition as deemed income.
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TaxTMI 
TaxTMI 
of 4905 
